Jay Z, a former Nets part owner, must sell his stake in the team as he transitions into representing players with his Roc Nation sports agency, which boasts stars such as the Yankees’ Robinson Cano, the Thunder’s Kevin Durant and the Giants’ Victor Cruz.

Other owners urged Jay Z to sell some of his stake to the new coach, the Post reports. The move is circular, because Jay Z’s interest in the team started in 2003 when Kidd, then the star point guard of the New Jersey Nets, suggested Jay Z buy the team.

Once he bought in, Jay Z’s influence far outweighed his actual stake in the team. He helped come up with the Nets’ color scheme, logos and advertising slogans. Jay Z even appeared on billboards with majority owner Mikhail Prokhorov and helped recruit free agents.